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12/01/2011 - Mooresville, NC (Sportsbook Betting Lines) - Brad Keselowski has agreed to a multi-year contract extension with Penske Racing.
Terms of the deal were not disclosed, but the team also extended the contract of crew chief Paul Wolfe.
"The winning combination of Brad Keselowski and Paul Wolfe has been terrific for Penske Racing, and we are excited to announce that they will continue to work together," said team owner Roger Penske. "With one NASCAR championship and numerous wins in both the Nationwide Series and the Cup Series to their credit, this has proven to be a special pairing. Although Brad, Paul and the No.2 team fell short of winning the Cup Series title this season, we know they will continue to be championship contenders for years to come."
Keselowski and Wolfe won the Nationwide championship for Penske in 2010. Wolfe was named the crew chief for Keselowski and the No.2 car in the Sprint Cup Series for 2011, and the duo picked up three victories on the way to a fifth- place finish in the final standings.
"It's great to know that Paul and I will continue to work together to bring wins and championships to Penske Racing and its sponsors," said Keselowski, who first joined Penske Racing for the final three races of the 2009 season. "We've definitely built something special here with this team, and we'll continue to get better to reach our goals."
Over the course of the last two seasons, Keselowski and Wolfe have teamed to produce nine wins, six pole victories and 36 top-five finishes across the Nationwide and Cup Series.
<< Panthers shoot for rare win in LA
(Sportsbook Betting Lines) - Thanks to an excellent November, the Florida Panthers flip
the calendar as the leaders in the Southeast Division. If they want to stay
hot in the year's final month, they'll have to record their first victory in
Los Angeles i
<< Schneider and red-hot Canucks host Predators
(Sportsbook Betting Lines) - There was some big news for the Canucks coming out of
Vancouver prior to tonight's meeting with the Nashville Predators.
The biggest may be the return of forward Mason Raymond from a serious injury
suffered during last sea
<< Flames welcome Blue Jackets to Calgary
(Sportsbook Betting Lines) - One of the reasons the Calgary Flames sit last in the
Northwest Division has been their inability to string together victories. A
visit from the Columbus Blue Jackets could help the Flames secure the momentum
is desperately n
<< Raycroft-led Stars take on Senators
(Sportsbook Betting Lines) - Andrew Raycroft earned his first win in nearly a year in
Dallas' last trip to the ice and the goaltender will try to make it two in a
row tonight, as the Stars welcome the Ottawa Senators for a battle at American
Airlines Cen
Quick, Mellette provide the memories >>
Philadelphia, PA (Sportsbook Betting Lines) - It is rare to see two of the best in the
nation at their position share the field in any college football game.
Last month, attendees of the Appalachian State-Elon game were fortunate enough
to see two of
Liverpool's Lucas to miss rest of season >>
Liverpool, England (Sportsbook Betting Lines) - Liverpool midfielder Lucas will miss the
rest of the English Premier League season after he damaged the ACL in his left
knee in Tuesday's Carling Cup win over Chelsea.
The Brazilian will undergo surgery,
Revolution re-signs goalkeeper Reis >>
Foxborough, MA (Sportsbook Betting Lines) - The New England Revolution re-signed veteran
goalkeeper Matt Reis on Thursday.
The 36-year-old Reis has been New England's starting goalie - when healthy -
since 2004. A four-time Major League Soccer all-
Bruins goaltender Thomas named top NHL player for November >>
New York, NY (Sportsbook Betting Lines) - Reigning Conn Smythe Trophy winner and Boston
Bruins goaltender Tim Thomas has been named the NHL's First Star for the month
of November.
Thomas led the charge as the Bruins went undefeated in regulation
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and online football betting thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
To visit this internet sportsbook go to MySportsbook.com for all your football betting and World Series odds.
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